International Development: World Banks says developing nations must invest in their youth

A report published by the World Bank, has said that developing nations can generate economic growth and reduce poverty by investing in better education, health care and job training for their record numbers of young people between 12 and 24 years old.

The report said about 1.3 billion young people live in the developing world, and youths constitute nearly half of the world's unemployed. Although they are healthier and better educated than previous generations, they still need guidance to fulfil their potential, it said.

Francois Bourguignon, the World Bank's chief economist said, "It is far easier to develop skills during youth."

Why is it so many "chief economists" spout the bleeding obvious? It reminds me a little of the Asian Development Bank's chief economist who last years said, "the poor are poor because they earn too little."